Providing increased operational efficiency, flexibility and control to the energy sector

Trondheim, 4 March, 2009: Powel ASA announced that it has signed an agreement with Cordys, the leading provider of software for business process innovation, to offer an integrated business process management framework on top of Powel’s industry leading Smart Metering and Smart Grid solutions.

Under the agreement Powel will add more value to its advanced Smart Metering solutions by embedding Cordys SOA-based Business Process Management platform with centralized control, automated workflow and a high degree of flexibility and scalability into its software suite. With this added functionality, energy companies can automate work processes quickly, monitor activities in real time, and easily integrate legacy systems to create a scalable and highly agile business operations platform. The platform offers a comprehensive set of business processes, including Meter Management, Meter Data Management, Workflow and Dashboards, with application integration capabilities for CRM, ERP and Geographical Information Systems (GIS).

“As demand on Smart Metering infrastructure increase, so does the demand on the business processes that support it,” said Frode Solem, Powel’s VP Smart Metering Solutions. “Combined with the embedded business process management functionality from Cordys, our Smart Metering Suite will enable our customers not only to deploy an advanced Smart Metering infrastructure, but it will also give them the opportunity to design, execute, monitor and change automated business processes quickly and frequently. This will undoubtedly drive real competitive advantage to our customers as the market evolves.”

Powel is currently responsible for controlling and reading more than one million smart energy meters throughout Scandinavia and has a long history of helping customers solve challenges unique to the energy sector.  Implementing, controlling, and monitoring millions of transactions across the supply chain requires a powerful business operations platform that can automate cross functional workflows. The embedded Cordys process innovation functionality allows energy companies to monitor transactions, analyze and continuously improve processes, as well as easily integrate a Smart Metering solution into existing internal and external IT environments.

“Responding to high customer expectations, frequently changing legislation, new compliancy rules, and unforeseen market conditions is all about speed of change and process innovation,” said Ron Matser, Senior Vice President Strategic Alliances, Cordys. “The embedded Cordys functionality within Powel’s industry leading Smart Metering solution will enable customers to increase operational efficiency and productivity as well as drive cost savings. We are excited to have been chosen to help Powel bring this offering to the energy sector.”

About Powel
Powel ASA, headquartered in Trondheim, Norway, delivers business-critical software solutions and related services specifically designed to help energy companies and public utilities improve daily operational processes and service quality. The company is a market leader in smart metering, generation, grid maintenance and water management solutions with offices in Norway, Sweden, The Netherlands, and North America. Founded in 1996, Powel ASA is a publicly traded company with more than 230 employees. For more information visit www.powel.com

About Cordys
Cordys is a global provider of software for business process innovation and Enterprise Cloud Orchestration. The industry-leading Cordys Business Operations Platform (BOP) consists of a complete suite for next generation Business Process Management (BPM), Business Activity Monitoring (BAM) and innovative SaaS Deployment Frameworks (SDF), delivering a complete Platform as a Service (PaaS) solution. It includes an open, integrated set of tools & technologies including Composite Application Framework (CAF), Master Data Management (MDM) and a SOA Grid. The Cordys platform and its cutting-edge Cloud technology empowers customers to dramatically improve the speed of change, fundamentally altering the way they innovate their Business Operations to achieve a true customer-centric philosophy. Global 2000 companies worldwide have selected Cordys to achieve business performance improvements such as increased productivity, reduced time to market, higher security and faster response to ever-changing market demands. Headquartered in the Netherlands, Cordys is a global company with offices in the USA, the UK, Germany, China, India and Israel. www.cordys.com

Contact:
Bård Benum, CEO Powel, mobile 48 16 46 70,
bard.benum@powel.com

Øystein Sæther, CFO Powel, mobile 48 16 45 58,
oystein.sather@powel.com